Gust

DECEMBER 8, 2011

Determine the allocation of equity among co-founders, early employees or other service providers, and future contributors as applicable, as well as the vesting schedule , if any, that will apply. Form a legal entity to operate the business (we’ll use a Delaware corporation as an example for Newco).

Intellectual Property 139

Intellectual Property Non-disclosure Agreement Delaware Stock 139

Scott Edward Walker

FEBRUARY 1, 2014

Mistake #3 : not setting-up vesting schedules (at 17:19). you want to form a Delaware corporation. Mistake #3: Not Setting-Up Vesting Schedules. Vesting schedules must be established to protect the other co-founders (plus, VC’s will typically require them). Typical vesting schedule: four years on a monthly basis.

Software Review 111

Software Review Delaware Accredited Investor Due Diligence 111

Scott Edward Walker

FEBRUARY 1, 2014

i) Rule 506 preempts State law, which means all you have to do is file a Form D and pay a filing fee; and (ii) no disclosure requirement/PPM Possible to sell to “friends and family” (e.g., issues to address include: How have they treated their other portfolio companies?

Software Review 111

Software Review Delaware Accredited Investor Due Diligence 111

www.copelandfirm.com

OCTOBER 21, 2010

Solutions to Divvying up Founders Shares In my experience, the best way to distribute founders shares is through unequal distribution with vesting. After the initial split is determined, the founders need to discuss the vesting plan. « High Tech Startup Packages Where Should I Incorporate: Delaware, Texas, California, Nevada?

Intellectual Property 40

Intellectual Property Founder Vesting Bridge Financing 40